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Intangible Assets

The Intangible Assets tab is designed to account for and track non-physical assets of a business. These could include intellectual property rights, patents, licenses, or goodwill. In this tab, users can input detailed information about each intangible asset, monitor its amortization, and keep track of its book value over time.

Intangible Assets3

New Intangible Asset

To create new intangible asset, click New Intangible Asset button.

Intangible AssetsNew Intangible Asset

Edit columns

By default, you will see the following columns:

NameDescriptionAcquisition costAmortizationBook valueStatus
Name Name of Intangible Asset
Description Description of Intangible Asset
Acquisition cost This is sum of all transactions allocated to this Intangible Asset
Amortization This is sum of all Amortization Entries allocated to this Intangible Asset
Book value This is Acquisition cost minus Amortization
Status Indicates whether Intangible Asset is active or disposed.

Use Edit columns button to customize what columns should be visible under Intangible Assets tab.

Edit columns

Clicking Edit columns button allows you to add additional columns to better suit your business requirements.

Code Code of Intangible Asset
Amortization rate Amortization rate of Intangible Asset
Control account If you are using multiple Control Accounts, this column can show which Control account this Intangible Asset belongs to.